The penthouse suite from The Block Firehouse apartments sold for $1.6m in September and is now back on the market. Photo / Jason Oxenham.
The penthouse suite from The Block Firehouse apartments sold for $1.6m in September and is now back on the market. Photo / Jason Oxenham.
An Auckland penthouse apartment designed by contestants on last year's The Block NZ is back on the market just months later.
The seller paid $1.6 million for the apartment in September last year.
The third-storey penthouse at 516 New North Rd offers 360 degree city views, is close to Kingsland'strendy cafes and yoga studios and comes fitted with designer touches like a marble entrance and whiskey bar.
Its sale price last year was "fractionally below reserve", The Block NZ's host Mark Richardson last year told fellow television show The Project.
It meant contestants Mikaere and Sophia Gardiner made no profit from the sale despite their months of work decking the penthouse suite out.
The penthouse had earlier failed to sell at auction after drawing a top bid of $1.455m.
However, the penthouse's auction last September came on the back of an 18-month slump in Auckland property prices and an extremely quiet winter sales period.
Auckland prices have steamed back to life since then.
Kingsland's median house value now sits at $1.25m, up 4.2 per cent on three months earlier and 2.9 per cent on 12 months ago, according to the latest OneRoof Property Report and its data partner Valocity.
